Ripple has formed a strategic partnership with London-based financial-infrastructure provider OpenPayd to expand enterprise use of Ripple USD (RLUSD), a dollar-denominated stablecoin, and to speed cross-border payments
Ripple has formed a strategic partnership with London-based financial-infrastructure provider OpenPayd to expand enterprise use of Ripple USD (RLUSD), a dollar-denominated stablecoin, and to speed cross-border payments.
Under the agreement, OpenPayd will integrate Ripple Payments into its real-time euro and sterling rails, and will offer businesses direct minting and burning of RLUSD through a single application-programming interface. The companies said the arrangement will let corporate clients switch seamlessly between fiat currencies and the stablecoin, giving them faster settlement, lower costs and a unified treasury platform.
Ripple said its payments network now spans more than 90 payout markets—covering over 90% of daily foreign-exchange flows—and has processed more than $70 billion in transactions. OpenPayd Chief Executive Iana Dimitrova called the tie-up “a unified platform that bridges traditional finance and blockchain,” while Ripple’s senior vice-president for stablecoins, Jack McDonald, said the move would “accelerate real-world adoption of stablecoins at scale.”
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